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In 2020, Inland Revenue delivered a change to the revenue system for individuals where every taxpayer account for income tax, Working for Families, KiwiSaver, student loans and the end-to-end processing of PAYE moved into Inland Revenue’s new tax and revenue technology system. The department administers the following social support programmes:
An all-inclusive resort is a holiday resort that generally includes, in the price of booking a stay, lodging, unlimited food and drink, alcoholic drinks, entertainment, and other recreational activities like sports or watersports. [1] They are often located in warmer regions of the world, particularly in the Mediterranean, Mexico and the Caribbean.
Goods and services tax (GST) is an indirect tax introduced in New Zealand in 1986. This represented a major change in New Zealand taxation policy as until this point almost all revenue had been raised via direct taxes. GST makes up 24% of the New Zealand Government's core revenue as of 2013. [37]
Public concern over the environmental impacts of air travel may threaten tourism growth in New Zealand, as almost all tourists fly long distances to reach New Zealand. However, Ministry of Tourism data in 2007 predicted a four per cent annual growth in tourist numbers in New Zealand, with 3.2 million tourists annually to be reached in 2014. [22]
GST in New Zealand is designed to be a broad-based system with few exemptions, such as for rents collected on residential rental properties, donations, precious metals and financial services. [1] It normally makes up around 30% of tax revenue in New Zealand. [2] The rate for GST, effective since 1 October 2010 is 15%. [3] This 15% tax is ...
The Holidays Act 2003 is an Act of Parliament in New Zealand that regulates public holidays. It was amended by the Holidays (Transfer of Public Holidays) Amendment Act 2008 and the Holidays Amendment Act 2010.
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